PERSONAL FINANCIAL ADVISOR PRESENTATION BY ALEX NORTH AptitudesSkills

PERSONAL FINANCIAL ADVISOR PRESENTATION BY ALEX NORTH

Aptitudes/Skills Skills: Analytical Interpersonal Math Spelling Communication/Speaking

Work Setting–Nature of Work Most personal financial advisors work full time 24% work more than 50 hours per week Meetings with existing or new clients.

Investment Activities Industries Employed Personal Account Managers 2010 Monetary authorities, Other financial investment activities 26% Monetary authorities, credit intermediation, and related activities 19% Securities and commodity contracts intermediation and brokerage 19% Insurance carriers and related activities 3% Professional, scientific, and technical services 3% 30% 25% 20% 15% 10% 5% 0% Category 1 credit intermedia tion, & related activites Securities & commodity contracts intermedia tion & brokerage Insurance carriers and related activities

Employers in the State of VA First Command Financial Services Inc. Woodbridge, VA Edward Jones Roanoke, VA Linda Di. Orazio Chester, VA

Description: Salary Physical Demands Median Annual Wage (as of May 2010) Full time work schedule $64, 750 Starting Salary Approximately $32, 000 Includes meetings both during work day and sometimes during personal schedule. Can be stressful at times

Employment Outlook Employment of personal financial advisors is projected to grow 32% from 2010 to 2020. Financial advisors will also face competition due to: Higher wages Few formal education requirements As aging population (baby boomers) increases Advice from personal financial advisors increases.

Education & Training Bachelor’s Degree’s in finance, economics, accounting, business, mathematics, or law are helpful for the occupation. Financial planning courses in college are trending in availability.

Licensure & Certification License Certification Multiple combinations of licenses Certified Financial Planner (CFP) Vary based on products sold Registration: Small firms = State Regulators Large firms = Securities and Exchange Commission Bachelor's degree At least 3 years of relevant work experience Pass an exam Agree to adhere to a code of ethics

Advancement Opportunities Master’s Degree in Finance or Business Administration Will improve chance for management position Attract new clients

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